Understanding the Frankfurt Stock Exchange

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Modern skyscrapers reflecting in the river in Frankfurt cityscape.
Credit: pexels.com, Modern skyscrapers reflecting in the river in Frankfurt cityscape.

The Frankfurt Stock Exchange, also known as the Frankfurter Wertpapierbörse, is one of the oldest stock exchanges in the world, dating back to 1585.

It's located in the heart of Frankfurt, Germany, and is a major hub for trading securities, commodities, and derivatives. The exchange is owned by Deutsche Börse, a leading global exchange organization.

The Frankfurt Stock Exchange is a regulated market, meaning that it operates under strict rules and guidelines set by the German government. This ensures a fair and transparent trading environment for investors.

The exchange is open for trading six days a week, with the exception of Sundays and certain public holidays.

History and Structure

The Frankfurt Stock Exchange has a rich history dating back to 1585, making it one of the oldest stock exchanges in the world.

Located in the heart of Frankfurt, Germany, the exchange is situated in the Börsenplatz building, a stunning example of neo-Renaissance architecture.

The exchange's structure is divided into two main parts: the regulated market and the open market.

Management Board

Reliefs on Wall of New York Stock Exchange Building
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The Management Board of the Frankfurt Stock Exchange is the executive body responsible for managing the exchange. It has five members, led by Chairman Eric Leupold and Deputy Chairman Cord Gebhardt.

The Management Board is responsible for tasks not assigned to other exchange bodies, including admitting persons and companies to exchange trading, deciding on the start and suspension of trading, and defining the organization and business procedures of the exchange.

Some of the specific tasks of the Management Board include:

  • admission of persons and companies to exchange trading
  • decisions on the start, suspension, discontinuance and cessation of exchange trading
  • decisions on the price fixing of securities
  • definition of the organization and business procedures of the Frankfurt Stock Exchange
  • maintaining order on the trading floor premises

The Management Board is responsible for managing the public services of the exchange and ensuring compliance with exchange-relevant laws and regulations.

History of the Exchange

The history of the exchange is a long and fascinating one. It's hard to believe that the first stock exchange was established in Amsterdam in 1602, marking the beginning of a new era in financial transactions.

The Amsterdam Exchange was a hub for trading in commodities, government bonds, and stocks, and it quickly gained popularity among investors.

Credit: youtube.com, Stock Exchanges, a history

By the 18th century, stock exchanges had spread to other major cities in Europe, including London, Paris, and Berlin.

These early exchanges were often informal and took place in coffeehouses or taverns, where merchants and traders would gather to discuss prices and trade goods.

The London Stock Exchange, for example, was formally established in 1801, and it quickly became one of the largest and most influential exchanges in the world.

As the exchange grew, so did the number of participants, including brokers, traders, and investors from all over the world.

The introduction of electronic trading in the 1970s revolutionized the exchange, allowing for faster and more efficient transactions.

Today, the exchange is a global network of interconnected markets, where investors can buy and sell a wide range of assets, from stocks and bonds to commodities and currencies.

Market Operations

The Frankfurt Stock Exchange is a key player in European market operations. It's home to the Xetra trading system, which is used by over 200 trading participants.

Credit: youtube.com, Listing Ceremony: Livestream Recording from the Frankfurt Stock Exchange

The Xetra system is a fully electronic trading platform that allows for fast and efficient order execution. This is a far cry from the manual trading methods used in the past, where orders were executed by brokers over the phone.

Market makers play a crucial role in the Frankfurt Stock Exchange, providing liquidity to the market and ensuring that there's always a buyer or seller available for a particular stock. They're essentially the middlemen between buyers and sellers, helping to facilitate trades and maintain market stability.

The Frankfurt Stock Exchange is also home to the Eurex derivatives exchange, which offers trading in a range of financial derivatives, including options and futures contracts. These contracts allow investors to hedge against potential losses or speculate on price movements, adding another layer of complexity to the market.

The exchange operates from 9:00 AM to 5:30 PM CET, Monday to Friday, with a 30-minute break for lunch. This schedule allows for efficient trading during regular business hours.

Trading and Listings

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The Frankfurt Stock Exchange is a major player in the global financial market. It's home to several key indexes, including the DAX, MDAX, SDAX, and TecDAX.

These indexes are made up of companies listed on the exchange, such as Norma Group and Aareal Bank. You can find more companies listed on the Frankfurt Stock Exchange by checking out the companies listed on the DAX, MDAX, SDAX, and TecDAX.

The Frankfurt Stock Exchange has also seen its fair share of initial public offerings (IPOs) over the years. A list of IPOs on the exchange from 2017 to 2023 is available, but it's not included here.

The exchange offers a range of trading options, including listings for companies like Adidas and Airbus. If you're interested in trading on the Frankfurt Stock Exchange, it's worth checking out the companies listed on the DAX, MDAX, SDAX, and TecDAX.

Here are some examples of companies listed on the Frankfurt Stock Exchange:

Indices

Credit: youtube.com, Top Stocks on the Frankfurt Stock Exchange | DAX Stock Index | German Stock Market

The Frankfurt Stock Exchange is home to several key stock indices that track the performance of the German market. The DAX Index is one of the most well-known, and it has shown steady growth since 2015.

The DAX Index has consistently shown monthly development from 2015 to 2025. The MDAX Index, which tracks the performance of mid-cap companies, has also experienced steady growth during the same period.

The SDAX Index, which focuses on small-cap companies, has provided a unique perspective on the market. Meanwhile, the TecDAX Index, which tracks the performance of technology companies, has been a key indicator of the sector's growth.

Here's a summary of the key indices:

  • DAX Index: Monthly development from 2015 to 2025
  • MDAX Index: Monthly development from 2015 to 2025
  • SDAX Index: Monthly development from 2015 to 2025
  • TecDAX Index: Monthly development from 2015 to 2025

Market Overview

The Frankfurt Stock Exchange has seen significant growth in market capitalization over the years. From 2002 to December 2023, the total market capitalization of all domestic shares listed on the Frankfurt Stock Exchange reached a staggering € trillion.

The number of listed companies on the Frankfurt Stock Exchange has also been on the rise. As of 2023, there were a total of listed companies on the exchange.

Credit: youtube.com, ADM Energy chairman Peter Francis talks secondary listings on Berlin and Frankfurt Stock Exchanges

Breaking down the listed companies by domicile, we see that the majority of them are based in Germany. In 2023, the number of companies listed on the Frankfurt Stock Exchange by domicile was significantly higher than that of other countries.

The biggest companies listed on the Frankfurt Stock Exchange are also worth noting. As of June 2025, the leading companies listed on the exchange had a market capitalization of over € billion each.

Here's a rough breakdown of the biggest companies listed on the Frankfurt Stock Exchange in 2025:

The turnover comparison of three DAX indices in Germany from 2019 to 2024 shows a steady increase in transaction value. The prime standard shares listed on the Frankfurt Stock Exchange generated a significant amount of revenue each month.

Lastly, the transaction volume of Xetra and Börse Frankfurt from 2019 to 2025 provides insight into the trading activity on the exchange. The monthly transaction volume of prime standard shares listed on the different trading venues of the Frankfurt Stock Exchange has been steadily increasing over the years.

Recommended read: On-balance Volume

Trading Information

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Trading on Xetra takes place from Mondays to Fridays from 9 until 17:30 CET.

Trading hours at Börse Frankfurt are from 8 until 22 CET, but for bonds, it's from 8 until 17:30 CET.

Non-trading days occur on public holidays in Germany and the State of Hesse, where trading ends at 20:00 CET for shares and Exchange traded products, but structured products are traded until 22:00 CET on these days.

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Order Book Turnover

The Frankfurt Stock Exchange has seen significant growth in its order book turnover over the years, with a total of €X trillion in turnover from 2001 to 2023.

This growth can be attributed to the increasing demand for trading on the exchange, which has led to an expansion of the available instruments and a rise in trading volume.

The total order book turnover of the Frankfurt Stock Exchange in 2023 was €X million, with the majority coming from equities, ETFs, ETCs, and ETNs.

A unique perspective: Receivables Turnover Ratio

Credit: youtube.com, How orders affect the order book

Here's a breakdown of the order book turnover for the Frankfurt Stock Exchange in 2023:

The equities order book turnover has been steadily increasing, with a total of €X million in turnover from January 2022 to December 2023.

The ETFs, ETCs, and ETNs order book turnover has also seen significant growth, with a total of €X million in turnover from January to December 2023.

Bonds and funds have also contributed to the overall order book turnover, with €X million and €X million in turnover respectively from January 2022 to December 2023.

Trading Calendar: Xetra, Börse Hours

Trading on Xetra takes place from Mondays to Fridays from 9 until 17:30 CET.

The trading hours for shares and Exchange traded products at Börse Frankfurt are from 8 until 22 CET, but for bonds, it's from 8 until 17:30 CET.

Non-trading days at Frankfurter Wertpapierbörse (FWB) are public holidays in Germany and the State of Hesse.

A fresh viewpoint: Formation 8

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Trading on Börse Frankfurt ends on public holidays at 20:00 CET for shares and Exchange traded products, but structured products are traded until 22:00 CET on these days.

Xetra's trading hours are from 9 until 17:30 CET, with the exception of opening or closing auctions, which can be found in the Auction schedule.

Florence Ratke

Assigning Editor

Florence Ratke is a seasoned Assigning Editor with a keen eye for detail and a passion for storytelling. With a strong background in research and analysis, she has honed her skills in identifying and assigning compelling articles that captivate readers. Florence's expertise spans a range of topics, including personal finance and investing, where she has developed a particular interest in the world of investment certificates.

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